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| NOTICES |
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| Notice No. |
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20221021-54 |
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Notice Date |
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21 Oct 2022 |
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| Category |
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Corporate Actions |
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Segment |
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Equity |
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| Subject |
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Amalgamation of Pranavaditya Spg Mills Ltd. (Scrip Code: 531172). |
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| Content |
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Trading members of the Exchange are hereby informed that, pursuant to the Scheme of Amalgamation between Pranavaditya Spg Mills Ltd. (“Transferor Company”) and Indo Count Industries Limited (“Transferee Company”), as sanctioned by the Hon’ble National Company Law Tribunal, Mumbai Bench, Pranavaditya Spg Mills Ltd., has fixed Record Date to determine the entitlement of shareholders of Pranavaditya Spg Mills Ltd. to equity shares of Indo Count Industries Limited.
Trading Members are advised not to deal in the equity shares of Pranavaditya Spg Mills Ltd. with effect from the under mentioned date:
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COMPANY NAME
CODE
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RECORD DATE
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PURPOSE
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NO DEALINGS
FROM
W.E.F.
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Pranavaditya Spg Mills Ltd. (531172)
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27/10/2022
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Scheme of Amalgamation: -
Upon the Scheme becoming effective and in consideration of the Amalgamation of Pranavaditya Spg Mills Ltd. and Indo Count Industries Limited.
Indo Count Industries Limited shall issue and allot Equity Shares to the shareholders of Pranavaditya Spg Mills Ltd. in the following share exchange ratio:
“2 (Two) Equity Shares of Indo Count Industries Limited having a face value of Rs.2/- each to be issued as Fully Paid-up, for every 15 (Fifteen) Fully Paid up Equity Shares of Rs.10/- each held by the shareholder in Pranavaditya Spg Mills Ltd. (“Share Exchange Ratio”).”
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27/10/2022
DR-643/2022-2023*
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* The Company scrip is in T+1 Settlement
Trading Members of the Exchange are requested to take note of the same.
Marian Dsouza
Senior Manager – Listing Operations (CRD)
October 21, 2022
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